PLEASE ANSWER BOTH PARTS E AND F FOR UPVOTE :)

XYZ Co. purchased a piece of equipment for $400,000 at the beginning of year 1. The equipment has an estimated useful life of five years and an estimated residual salvage value of $30,000. The equipment, which has an estimated operating life of 46,250 hours, was operated: 11,000 hours is year 1 10,000 hours in year 2 9,250 hours in year 3 10,000 hours in year 4 6,000 hours in year 5 E) Now assume the equipment is traded for similar equipment after year 3. The price of the new equipment is $420,000. The seller offered and we accepted a $45,000 trade-in allowance on the old equipment. Assuming the company had chosen the Double- Declining Balance method to depreciate the old equipment, prepare the journal entry to record the trade. F) Assume that neither part D or part E occurred. As a kind gesture to help out an aspiring new business owner, assume the equipment is given to another company after year 4. Assuming our company had chosen the Straight-line method of depreciation, prepare the journal entry to record the disposal